A Hong Kong-based company has announced the acquisition of an additional 10 bitcoins (BTC) for a total of $858,581.
This recent transaction brings the company’s cumulative holdings to approximately 18.88 BTC, amounting to around $1.72 million spent overall. These purchases were completed through open market transactions and financed by using their internal cash reserves.
In their announcement, the company expressed its belief in bitcoin as a promising store of value amid ongoing global economic instability, concerns over inflation, and the growing adoption of cryptocurrencies within investment approaches, highlighting its capacity to serve as a potential safeguard against the devaluation of fiat currencies.
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